Update on Holladay Quarter

Ivory Homes and Woodbury Corporation issue the following statement in response to inquiries about the redevelopment of the Cottonwood Mall site, the status of Utah Supreme Court’s ruling and the referendum before Holladay’s voters:

In the absence of a ruling by the Utah Supreme Court, Ivory Homes and the Woodbury Corp. have chosen not to “campaign” in support of our redevelopment of the former Cottonwood Mall site. As a reminder, our companies did not seek a zoning change, but rather administrative adjustments informed by the input from 21 public meetings. We agree with the Mayor and City Council of Holladay that this matter is administrative and not subject to referendum.

As such, we choose not to campaign in support of our position. The rancor and discord have been difficult for our staff and families. We do not want to cause more division or contention in Holladay. This is now a legal matter with implications much larger than this development.

We are hopeful the Court will soon issue an opinion that will support private property rights and provide a clear and workable framework for cities and property owners to follow going forward. We appreciate the many individuals and businesses who continue to express their support.

Clark Ivory, CEO, Ivory Homes
Jeff Woodbury, EVP, Woodbury Corporation